On the Daily time frame for this pair we can see we have been in a consolidation period for about 3 months now.
We are currently below the EMA and are looking bearish.
I am now waiting for a break of the Inner Trend Line before shorting to the Outer Trend Line.
Both of these targets are also in line with Monthly Support.
We are currently below the EMA and are looking bearish.
I am now waiting for a break of the Inner Trend Line before shorting to the Outer Trend Line.
Both of these targets are also in line with Monthly Support.